Job creation under PMEGP

Ministry of Micro, Small and Medium Enterprises (MSME) is implementing Prime Minister’s Employment Generation Programme (PMEGP), which is a major credit-linked subsidy programme, aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth in rural and urban areas.

The rate of job creation under PMEGP for the financial years 2015 – 16 and in the corresponding period of 2012-13 is given below:

Year

Margin Money subsidy disbursed

(Rs. in crore)

Micro- enterprises setup

(in Nos.)

Employment generated

(in Nos)

Employment generated per unit

2012-13

1080.66

57884

428246

7.39

2015-16

1020.06

44340

323362

7.29

As per the evaluation study of PMEGP units setup during 2012-13 to 2016-17, conducted by MDI, Gurugram, average employment generation per project is 7.62 and the average cost of generating unit employment is Rs.96,209.00.

This Press Release is based on information given by the Minister of State for MSME Shri Giriraj Singh in a written reply to a question in Rajya Sabha on 27.12.2017(Wednesday)